Commercial bank branches in Madagascar
Madagascar: Commercial bank branches was 2.71 per 100,000 adults in 2024. ▲ Rising
Commercial bank branches in Madagascar, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
Madagascar recorded 2.71 per 100,000 adults for commercial bank branches in 2024.
Compared with earlier readings it is down 1.0% on the previous year and up 48.9% over ten years.
Over the whole period, commercial bank branches in Madagascar peaked at 2.85 per 100,000 adults in 2021 and was at its lowest, 1.08 per 100,000 adults, in 2005.
That places Madagascar 168th out of 185 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.19 per 100,000 adults | 1.08 per 100,000 adults | 1.36 per 100,000 adults | 6 |
| 2010s | 1.88 per 100,000 adults | 1.41 per 100,000 adults | 2.36 per 100,000 adults | 10 |
| 2020s | 2.71 per 100,000 adults | 2.42 per 100,000 adults | 2.85 per 100,000 adults | 5 |
Countries ranked near Madagascar
More financial sector data for Madagascar
- Domestic credit to private sector 16.5% (2024)
- Claims on central government, etc. 5.7% (2024)
- Total reserves in months of imports 5.5 (2024)
- Net domestic credit 17.77 trillion current LCU (2024)
- Net foreign assets 10.30 trillion current LCU (2024)
- Broad money 27.3% (2024)
- Domestic credit to private sector by banks 16.3% (2024)
- Official exchange rate 4,530 LCU per US$, period average (2025)
- Monetary Sector credit to private sector 16.5% (2024)
- Net migration -2,227 (2025)
Frequently asked questions
- What is commercial bank branches in Madagascar?
- Commercial bank branches in Madagascar was 2.71 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Madagascar?
- The highest recorded value was 2.85 per 100,000 adults in 2021.
- What is the lowest commercial bank branches recorded in Madagascar?
- The lowest recorded value was 1.08 per 100,000 adults in 2005.
- How does Madagascar rank for commercial bank branches?
- Madagascar ranks 168th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Madagascar?
- Over the last ten years it is up 48.9%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.